Beechwood Re Hires Morgan Stanley Exec

The former Morgan Stanley COO is appointed EVP and head of Global Product Development and Distribution.

Beechwood Re has named David Lessing EVP and head of Global Product Development and Distribution. In his new role, he will drive corporate efforts to expand Beechwood Bermuda’s offshore product platform and global distribution.

Lessing most recently served as COO of the U.S. Wealth Management Group at Morgan Stanley, where he was responsible for sales force compensation, advisor desktop, mass affluent and online client channels, and the recruiting and training of financial advisors. Lessing has also worked as head of Marsh’s Middle Market Business and Client Development Group, and head of the Global Private Client Direct Division at Merrill Lynch.

“We cannot be more thrilled to have David Lessing join the team. In our minds there are few people more capable of building a world-class distribution platform to support our industry leading investment products,” said Beechwood president Scott Taylor in a statement. “Additionally, as a valued partner Mr. Lessing will bring enormous value to our reinsurance products as well.”

Kelly Sheridan is the Staff Editor at Dark Reading, where she focuses on cybersecurity news and analysis. She is a business technology journalist who previously reported for InformationWeek, where she covered Microsoft, and Insurance & Technology, where she covered financial ... View Full Bio